Rules of the road discussed- Flaherty

Canada has the helm of the G7 this year (thus the summit above the Arctic Circle in February…) , so FinMin Flaherty is the de facto spokesman of the group.He says the meetings sought to layout rules of the road for matters like intervention.

The guidelines should cover what circumstances justify currency intervention and how to define appropriate progress of reforming exchange-rate policies to allow more flexibility, he said.